Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.

India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures. The government, facing political turmoil, fended off pressure to produce an even more populist plan, yet stopped short of offering meaningful economic reforms that might have cheered investors.

Rating agency Standard & Poor's does not foresee any immediate negative implication on India's sovereign rating after the government outlined a high fiscal deficit target in the budget for the next fiscal year, said Takahira Ogawa, director of sovereign & IPF ratings.

Tata Motors will increase prices of all its commercial and passenger vehicles with immediate effect, the company said, in amounts proportionate to the increase in excise duty announced in the 2012-13 budget on Friday.

India's annual budget on Friday fell short of market hopes for tougher fiscal tightening measures. The government, facing political turmoil, fended off pressure to produce an even more populist plan, yet stopped short of offering meaningful economic reforms that might have cheered investors.

Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget today bringing journeys in them under the ambit of service tax.

Rating agency Standard & Poor's does not foresee any immediate negative implication on India's sovereign rating after the government outlined a high fiscal deficit target in the budget for the next fiscal year, said Takahira Ogawa, director of sovereign & IPF ratings.

Tata Motors will increase prices of all its commercial and passenger vehicles with immediate effect, the company said, in amounts proportionate to the increase in excise duty announced in the 2012-13 budget on Friday.